![]() But with traditional trading, you buy the assets for the full amount. However, with traditional trading you enter a contract to exchange the legal ownership of the individual shares or the commodities for money, and you own this until you sell it again.ĬFDs are leveraged products, which means that you only need to deposit a percentage of the full value of the CFD trade in order to open a position. You can still benefit if the market moves in your favour, or make a loss if it moves against you. The main difference between CFD trading and trading assets, such as commodities and stocks, is that you don’t own the underlying asset when you trade on a CFD. The difference between trading assets and CFDs As lithium extraction increased, an oversupply caused prices to fall sharply in 2019, Expion360 adds in its prospectus.Ĭomplicating lithium sourcing challenges is the need for rare-earth magnets needed for EV motors, for which there are few reliable alternatives.ĭeveloping technologies, such as lithium recycling capabilities, are expected to provide an ample supply of lithium going forward, Expion360 adds. Lithium prices remained relatively stable until 2016 when prices rose on supply shortage fears. With the introduction of the Biden administration’s National Blueprint for Lithium Batteries, the lithium battery market is expected to reach $116bn, Expion360 reports. Expion360’s lithium suppliers are located in China, South America and Australia. Lithium and the supply chainĪs many sectors face headwinds sourcing components for lithium-based batteries, Expion360 notes it is contracted to source lithium for the next five years. It’s Smart Talk technology is designed to allow multiple batteries in a single tank to communicate as one over a linked network. ![]() The top four customers represented 57% of its annual sales in 2020.Įxpion360 plans to expand its battery line into the home-energy storage market for solar, wind or grid back-up sectors in 2024. ![]() During 2021, one customer represented 11% of the total annual revenue. *Pending scheduled for 2022 Mounting lossesĪs of year-end 2021, Expion360 reported a $4.72m net loss, or $1.63 per share, on $4.52m in revenue, a 438% wider loss than the $876,480 reported in 2020 on $1.57m in revenue.Įxpion360 has 175 total wholesale customers, although its revenues are highly concentrated, with three of its retailers accounting for 85% of its total accounts receivable for 2021. The underwriters are granted a 45-day option to purchase up to an additional 321,750 shares at the IPO price for up to an additional $2.89m.Įxpion360 has applied to list its stock on the Nasdaq exchange under the ticker XPON. Paulson Investment and Alexander Capital are acting as joint-lead managers on the offering. The Redmond, Oregon-based EV battery maker, manufactures lithium iron phosphate batteries for the recreational and marine vehicle industry. Expion360 makes lithium iron phosphate batteries for recreational vehicles - Photo: Expion360 Inc.
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